A quarter of all Ethereum (ETH) in supply is now being staked, data shows. According to figures from blockchain data firm Nansen, over 30 million ETH—or about $74 billion worth of the cryptocurrency—has been locked up. 

Staking is the process of “locking up” digital coins or tokens to help keep a blockchain network running. Proof-of-stake assets like ETH require users to pledge their coins to the network by sending it to a specific blockchain address. Those who stake earn token rewards in the process. 

Last year, the Ethereum network was upgraded, allowing users to easily withdraw staked ETH. Since then, liquid staking protocols have boomed—allowing users to seamlessly lock up and withdraw their crypto.   

As ETH enthusiasts eagerly await the approval of an exchange-traded fund (ETF) that brings the second-

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Author: Mathew Di Salvo

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